Alexco is the owner and operator of the
Under the proposal, Hecla will issue about 18 million shares to Alexco shareholders or 0.116 of a Hecla share for each Alexco share. The offer implies a value for Alexco shares at about
Hecla has also signed a deal with
In addition, Hecla is providing Alexco with a
The loan and share purchase are meant to provide the company with immediate working capital to continue development work at Keno Hill and are not conditional upon the completion of the takeover deal.
This report by
Companies in this story: (TSX:AXU, TSX:WPM)
© 2022 The Canadian Press. All rights reserved., source